Mid-America Apartment Communities Inc MAA.N, MAA is expected to show a rise in quarterly revenue when it reports results on February 7 for the period ending December 31 2023
The Memphis Tennessee-based company is expected to report a 2.8% increase in revenue to $542.769 million from $527.97 million a year ago, according to the mean estimate from 16 analysts, based on LSEG data. (Revenue consensus is on Rental and other property revenues basis)
LSEG's mean analyst estimate for Mid-America Apartment Communities Inc is for earnings of $1.08 per share.
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 15 "hold" and 3 "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Mid-America Apartment Communities Inc is $139.00, above its last closing price of $124.84.
The company's guidance on October 25 2023 for the period ended December 31 was for Funds Flow from Operations between USD2.21 and USD2.37.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING |
STARMINESMARTESTIMATE® |
LSEG IBES ESTIMATE |
ACTUAL |
BEAT, MET, MISSED |
SURPRISE % |
Sep. 30 2023 |
2.27 |
2.28 |
2.29 |
Beat |
0.5 |
Jun. 30 2023 |
2.25 |
2.26 |
2.28 |
Beat |
0.9 |
Mar. 31 2023 |
2.25 |
2.25 |
2.28 |
Beat |
1.2 |
Dec. 31 2022 |
2.28 |
2.28 |
2.32 |
Beat |
2 |
Sep. 30 2022 |
2.10 |
2.10 |
2.19 |
Beat |
4.3 |
Jun. 30 2022 |
2.02 |
2.01 |
2.02 |
Beat |
0.5 |
Mar. 31 2022 |
1.94 |
1.94 |
1.97 |
Beat |
1.8 |
Dec. 31 2021 |
1.86 |
1.86 |
1.90 |
Beat |
2.1 |
This summary was machine generated February 5 at 23:36 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)